Browsing by Author "Nathapong Rujiravanich"
The foreign portfolio investment flows, stock prices and exchange rate before and after the global financial crisis : a comparative study between Korea and Thailand Nathapong Rujiravanich; Komain Jiranyakul (National Institute of Development Administration, 2015)
The purpose of the present study is to investigate the behavior of foreign flows and their impacts on the stock market, especially on stock prices and exchange rate. This research investigates the results of two Asian countries, Thailand and Korea, separating the analysis into three periods: pre-global financial crisis, global financial crisis and post-global financial crisis. The daily data are used with a structural VAR model with three endogenous variables: stock returns, currency returns and foreign normalized net purchases ...